This occurs when an employee voluntarily retires, disengages or is disengaged from active service before attaining the age of 50 or upon completion of the length of service as stated in the terms and conditions of his/her employment.

This refers to disengagement from employment upon attaining the age of 50 or retirement, whichever is later.

This refers to disengagement from active service on health grounds based on the advice of a qualified physician or medical board.

This covers benefits accessible by beneficiaries of a deceased RSA holder. Upon the death of a RSA holder, the beneficiary named in a will or a letter of administration will be eligible to access the balance standing in the account of the deceased RSA holder.

In the event that an RSA holder gets missing and is not found after 12 months from the date of being declared missing by the Police, the beneficiary (under a will or a valid letter of administration) of such a RSA holder shall have access to the full amount standing in the account of the missing person now presumed dead.

An expatriate working in Nigeria can access the balance in his/her retirement savings account when relocating to his/her country.

The documents required to be provided (for clients from different sectors) are shown below:

Certified True of Letter of Administration or Will admitted to Probate.

Passport Picture of the deceased and Next Of Kin (2 each).

Death Certificate or evidence of Death.

Police Report (If death is by accident, OPTIONAL).

Estate Account confirmation letter in the name of the deceased participant issued by the bank
addressed to Leadway Pensure PFA LTD.

OR Administrator’s designated bank account.

Where not all administrators on an LOA are signatories to the Account of the deceased, Power of Attorney duly certified by the probate registry MUST be provided by those administrator(s) who wants to transfer
their powers to the signatory(ies).

Next of Kin shall provide a satisfactory means of identification which can be any of the following.

National Identity Card or,

Permanent Voters Cards.

Current International Passport.

Drivers’ Licence.

Notary Public of Identity.

For missing Employee’s benefit, the following are additional requirements to be submitted along with the list stated above (with the exception of Death certificate):

Police report.

Newspaper publication.

Letter from ex-employer confirming that the employee has been missing and details.